Guggenheim Mutual Fund Manager Performance Evaluation

GIJAX -  USA Fund  

USD 13.61  0.02  0.15%

The fund retains a Market Volatility (i.e., Beta) of 0.0019, which attests to not very significant fluctuations relative to the market. Let's try to break down what Guggenheim's beta means in this case. As returns on the market increase, Guggenheim Municipal returns are expected to increase less than the market. However, during the bear market, the loss on holding Guggenheim Municipal will be expected to be smaller as well. Although it is extremely important to respect Guggenheim Municipal current price history, it is better to be realistic regarding the information on equity current price movements. The philosophy towards determining future performance of any fund is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. By evaluating Guggenheim Municipal technical indicators, you can presently evaluate if the expected return of 1.0E-4% will be sustainable into the future.

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 Guggenheim Performance
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Over the last 90 days Guggenheim Municipal Income has generated negative risk-adjusted returns adding no value to fund investors. In spite of fairly strong basic indicators, Guggenheim Municipal is not utilizing all of its potentials. The current stock price disturbance, may contribute to short-term losses for the investors.
Fifty Two Week Low13.14
Fifty Two Week High13.75
Annual Report Expense Ratio0.96%
Trailing Annual Dividend Yield2.57%

Guggenheim Municipal Relative Risk vs. Return Landscape

If you would invest  1,361  in Guggenheim Municipal Income on June 20, 2021 and sell it today you would earn a total of  0.00  from holding Guggenheim Municipal Income or generate 0.0% return on investment over 90 days. Guggenheim Municipal Income is currently producing 1.0E-4% returns and takes up 0.1018% volatility of returns over 90 trading days. Put another way, 0% of traded mutual funds are less volatile than Guggenheim, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days horizon Guggenheim Municipal is expected to generate 348.0 times less return on investment than the market. But when comparing it to its historical volatility, the company is 6.24 times less risky than the market. It trades about 0.0 of its potential returns per unit of risk. The DOW is currently generating roughly 0.05 of returns per unit of risk over similar time horizon.

Guggenheim Municipal Current Valuation

Fairly Valued
Today
13.61
18th of September 2021
Share
Please note that Guggenheim Municipal's price fluctuation is very steady at this time.
Guggenheim Municipal retains a regular Real Value of $13.62 per share. The prevalent price of the fund is $13.61. At this time, the entity appears to be fairly valued. We determine the value of Guggenheim Municipal from evaluating fund fundamentals and technical indicators as well as its Probability Of Bankruptcy. In general, we encourage acquiring undervalued assets and dropping overvalued assets since, at some point, stock prices and their ongoing real values will come together.
Our valuation method for Guggenheim Municipal Income is useful when determining the fair value of the Guggenheim mutual fund, which is usually determined by what a typical buyer is willing to pay for full or partial control of Guggenheim Municipal. Since Guggenheim Municipal is currently traded on the exchange, buyers and sellers on that exchange determine the market value of Guggenheim Mutual Fund. However, Guggenheim Municipal's intrinsic value may or may not be the same as its current market price, in which case there is an opportunity to profit from the mispricing, assuming the market price will eventually merge with its intrinsic value.
13.62
Real Value
13.72
Upside
Estimating the potential upside or downside of Guggenheim Municipal Income helps investors to forecast how Guggenheim mutual fund's addition to their portfolios will impact the overall performance. We also use other valuation drivers to help us estimate the true value of Guggenheim Municipal more accurately as focusing exclusively on Guggenheim Municipal's fundamentals will not take into account other important factors:
Hype
Prediction
LowEstimated ValueHigh
13.5113.6113.71
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Guggenheim Municipal Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Guggenheim Municipal's investment risk. Standard deviation is the most common way to measure market volatility of mutual funds, such as Guggenheim Municipal Income, and traders can use it to determine the average amount a Guggenheim Municipal's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 5.0E-4

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Based on monthly moving average Guggenheim Municipal is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Guggenheim Municipal by adding it to a well-diversified portfolio.

About Guggenheim Municipal Performance

To evaluate Guggenheim Municipal Mutual Fund as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Guggenheim Municipal generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Guggenheim Mutual Fund's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Guggenheim Municipal stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Guggenheim's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
The investment seeks to provide current income with an emphasis on income exempt from federal income tax, while also considering capital appreciation. Guggenheim Municipal is traded on NASDAQ Exchange in the United States.

Things to note about Guggenheim Municipal

Checking the ongoing alerts about Guggenheim Municipal for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Guggenheim Municipal help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Guggenheim Municipal Alerts

Equity Alerts and Improvement Suggestions

Guggenheim Municipal is unlikely to experience financial distress in the next 2 years
The fund retains about 98.11% of its assets under management (AUM) in fixed income securities
Please check Risk vs Return Analysis. Note that the Guggenheim Municipal information on this page should be used as a complementary analysis to other Guggenheim Municipal's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.

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Please note, there is a significant difference between Guggenheim Municipal's value and its price as these two are different measures arrived at by different means. Investors typically determine Guggenheim Municipal value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Guggenheim Municipal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.